3-Unit Multifamily
90 Sutton Street, Providence, RI 02903
For Sale
$690,000
Two apartments pair two bedrooms with office space, while the upper-level residence is a studio.
Property Size3,367 SF
Price / SF$204.93
Days on Market82
Property Features for 90 Sutton Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
coin-op washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Coldwell Banker Realty
Listed By:
Denise Mancini · License #REB.0013395
(401) 447-8785
Source:
Pooleproperties
Added: Aug 18
Changed: Nov 7
Last Checked: Nov 7 at 3:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1920, this three-unit property includes two apartments with two bedrooms and additional office space, plus a studio on the third floor. Hardwood floors and tiled bathrooms are found throughout the units. A full basement has separate utilities and coin-operated laundry equipment. Vinyl siding and paved off-street parking are also part of the property.
The building is at 90 Sutton Street in Providence’s Federal Hill area, minutes from Downtown Providence, Atwells Avenue, and major highways.
The building is at 90 Sutton Street in Providence’s Federal Hill area, minutes from Downtown Providence, Atwells Avenue, and major highways.
Key Highlights
- Three residential units: two two‑bedroom apartments with office space and one third‑floor studio
- Full basement with separate utilities and coin‑operated washer and dryer
- Hardwood flooring and tiled bathrooms in all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,855
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,100
$1.1M
Cap Rate 7%
$812,214
$812.2K
Cap Rate 9%
$631,722
$631.7K
Market Conditions
NOI Build-Up for 3,367 SF
Gross rent
$86.9K $25.80/SF
− Vacancy
−$5.6K −$1.68/SF
EGI
$81.2K $24.12/SF
− OpEx
−$24.4K −$7.24/SF
NOI
$56.9K $16.89/SF
Area
Providence, RI
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,100
Cap Rate 7%
$812,214
Cap Rate 9%
$631,722
Alternative Uses
Best Use
Multifamily LT 5
$812.2K
$710.7K – $947.6K
NOI $56,855 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$729.6K
$638.4K – $851.2K
NOI $51,069 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$1.13M
$985.6K – $1.31M
NOI $78,851 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,440
Businesses Nearby
Explore this area
Business Placement
Demographics for 02903, RI
13,264
Population
6,588
Households
2
Avg Household Size
33
Median Age
53%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
7,802
Density / Sq Mi
$62,987
Median Household Income
$40,294
Median Earnings
$1,640
Median Rent
$365,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Triplexes in Providence, RI
Properties on Market for Triplexes in Providence
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two apartments pair two bedrooms with office space, while the upper-level residence is a studio.
Where is this triplex located?
The property is located at 90 Sutton Street Providence, RI.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Three residential units: two two‑bedroom apartments with office space and one third‑floor studio; Full basement with separate utilities and coin‑operated washer and dryer; Hardwood flooring and tiled bathrooms in all units
